Acid Ratios Essay Example | Topics and Well Written Essays - 1000 words

Acid Ratios - Essay Example The current ratio uses total current assets and total current liabilities. Total current assets are divided by total current liabilities to give the current ratio. Meanwhile, acid test ratio is found by the use of total current assets, total current liabilities, and inventory. The equation for the quick ratio is inventory taken away from total current assets and divided by total current liabilities. 1. In order to work out the current ratio for Thingamajigs and Things, we first need to find out the components of the equation so we can calculate the current ratio. Thingamajigs and Things’ total current assets are worth $45,000, and their total current liabilities are $9,000. If we divide the total current assets by the total current liabilities then we get a ratio of exactly 5 (Lane, 2011). In looking at WannaBees, we can see that they have total current assets of $150,000 and total current liabilities of $85,000. Once we conduct the calculation for the current ratio, we get a figure of 1.76 (Lane, 2011). In determining what these numbers mean, we first have to judge what figure is an acceptable figure to have. The current ratio should not go below 1 or else the company should be concerned (Kennon, 2011). In general, a high current ratio shows that the business has sufficient amounts of cash on hand and cannot be considered a financial risk. In this case, Thingamajigs and Things has a much higher current ratio than WannaBees. If both of these companies were applying for a bank loan, Thingamajigs and Things would be more likely to receive it. 2. Thingamajigs and Things’ total current assets are $45,000, its total current liabilities are $9,000, and its inventory is worth $30,000. If we conduct an acid test ratio, we come up with a figure of 1.67 (Lane, 2011). On the other hand, WannaBees has total current assets of $150,000, total current liabilities of $85,000, and an

Critical Exploration by Using Gibbs Model Essay - 1

Critical Exploration by Using Gibbs Model - Essay Example A 2nd-year student is practicing as a nurse at a hospital. The girl is very sweet, caring and loving towards her patients. She is always up to help other staff members with a smile. However, she has trouble in being able to prioritize and co-ordinate the attention needs of patients that we both have duties for. She also seems to lack confidence in her nursing skills and has teething troubles in linking theory to practice.  The result of the study reveals that the girl needs to understand what she wants to achieve. In this case, it is very obvious what she wants to achieve but she is not sure how to achieve it. The consequences of not prioritizing her duties make her more frustrated and annoyed and at the end of the day, nothing has achieved the way she wants to achieve it. It is also expected that some of the patients end up saying that want a different nurse to take care of them. As frequently does not complete the instructions given to her by these other staff and leaves the care given to patients unfinished. At the second stage of the Gibbs model, it can be said that the girl needs this practice because she wants to end up at some great hospital but if she continues to give such results that are poor practices, poorly set priorities it is giving out a bad image of her and the further recommendation for her are at stake. The student for sure feels the responsibility she has but as an amateur, she is finding difficulties in some areas and usually panics. She needs someone to guide her for at least a week so that she improves her practice and give satisfying results. However, the good part is the girl is willing to help. She wants to be someone and never refuses to work. In short, the girl has proved to be a very hard working dedicated worker but needs to manage things a little more. Most nursing students will attain the expertise criterions they need to catalog but tutors may be faced with an apprentice whose  presentation is scrawny.